Title: The Community Economic Resiliency Fund Sponsoring Member(s) of Council: Mayor NenshiMeeting
to be Presented: Regular Meeting of Council, 2015 December 14

WHEREAS Calgary is facing an economic downturn;

WHEREAS savings and efficiencies have resulted in the City of Calgary having a 2015 surplus, estimated at $30 million;

WHEREAS these are one-time funds and are unlikely to be achieved in 2016 and beyond;

WHEREAS these funds would normally flow into the Fiscal Stability Reserve at year-end; and

WHEREAS Council has expressed a desire to respond to the current downturn;

BE IT RESOLVED THAT Council reconsider its budget decision of 2015 September 28 as it relates to transit, park and recreation fees; and

FURTHER BE IT RESOLVED THAT $30 million from the estimated 2015 surplus be allocated to a Community Economic Resiliency Fund as follows:

$8.8 million to freeze all Calgary Transit fares at 2015 levels as of January 1, 2016, for the duration of 2016, with the exception of adult bus passes,
which will be increased to $103 for January 2016 only, reverting to $99 starting in February. Previously planned-for increases will still take
place in 2017, pending Council’s approval of the 2017 operating budget;

$1.8 million to freeze all Recreation and Parks fees at 2015 levels, as of January 1, 2016, for the duration of 2016. Previously planned-for increases
will still take place in 2017, pending Council’s approval of the 2017 operating budget;

$5 million to an Emergency Fund to assist non-profit organizations and City Business Units experiencing excess demand or reduced revenue as a result
of the economic downturn and global events. This fund would be administered by the Calgary Neighbourhoods business unit, potentially in conjunction
with community partners. Administration is to develop terms of reference for this fund and inform Council by memo no later than February 2016.
A final report on how the money was spent will be submitted to Priorities and Finance Committee no later than Q2 2017; and

$14.4 million for affordable housing initiatives in the community. This fund would be administered by the Calgary Housing business unit, potentially
in conjunction with community partners. Administration is to develop terms of reference for this fund and inform Council by memo no later than
February 2016. A final report on how the money was spent will be submitted to the Priorities and Finance Committee no later than Q2 2017